Session 21. Oral Presentation for: Australia’s LNG industry: corporate strategies for competitive positioning

Presented on 20 May 2026: Session 21 Despite Australia’s historical reputation for cost overruns and project delays, the nation’s liquefied natural gas (LNG) sector continues attracting significant mergers and acquisitions activity, driven by fundamental competitive advantages including relative political stability, established infrastructure, substantial untapped reserves, and strategic proximity to Asian demand centres. This analysis examines how major operators are adapting their corporate strategies to stay competitive in a changing market. Companies like Chevron, Shell, INPEX, Woodside, and Santos are taking different approaches to optimise their portfolios, focusing on getting better returns from existing assets while carefully selecting international growth opportunities. These strategies emphasise improving operations, cutting costs, and using new technology to address Australia’s historical cost problems. The corporate landscape is changing as new types of investors enter the market. Middle Eastern players are building large, integrated LNG portfolios, using their deep capital resources and long-term planning approach. At the same time, institutional investors are targeting stable, operating assets that offer predictable cash flows with less market risk. Key strategic questions arise as the market faces potential oversupply: (1) Who will drive Australia’s LNG industry over the next decade? (2) How will companies evolve their strategies to remain competitive? and (3) How can Australian LNG companies build international portfolios to compete globally? Success will depend on companies balancing portfolio improvements with strategic flexibility, while keeping costs competitive against US and Qatari suppliers in an increasingly competitive global LNG market. To access the Oral Presentation click ‘Supplementary data’ below. To read the full paper click here